Who Owns JPMorgan Chase (JPM)? Ownership Map
More than 1,100 institutions disclose JPMorgan Chase positions in their 13F filings. Here is the real cap-table picture: the passive index core, the active money moving, and what 13F leaves out.
The short version
As of the latest 13F filings, 1,165 institutional managers disclose a position in JPMorgan Chase (JPM), together reporting roughly $594B in long stock, and the top of the cap table is dominated by passive index managers, not stock-pickers. Vanguard (about $86B in its main entity), BlackRock (about $61B), State Street, and Geode hold the largest reported stakes, all of them index or quasi-index money. The active picture sits below that: Barclays added roughly 27% to its disclosed JPM position last quarter and Franklin Resources added about 21%, while Fidelity (FMR) trimmed close to 12%. 13F is a quarterly, long-only, 45-day-lagged snapshot, so treat it as a map of disclosed institutional positioning, not a live order book.
Who owns the most JPMorgan Chase?
The largest disclosed JPMorgan holders are the index giants. This is the single most important fact about JPM ownership and the one most "who owns JPMorgan" answers get wrong by leading with a bank or a hedge fund: the biggest holders are the funds that have to own JPMorgan because it is a top weight in the S&P 500 and the major financials indexes.
| Rank | Holder | Reported value | Latest change | As of |
|---|---|---|---|---|
| 1 | Vanguard Group | ~$86B | reduced (-0.05%) | Q4 2025 |
| 2 | BlackRock | ~$61B | reduced (-1.6%) | Q1 2026 |
| 3 | State Street | ~$37B | reduced (-0.85%) | Q1 2026 |
| 4 | Morgan Stanley | ~$20B | added (+3.3%) | Q1 2026 |
| 5 | Bank of America | ~$19B | added (+15.8%) | Q1 2026 |
Values are each filer's reported long position as of its most recent 13F; live figures and the full holder list are on the JPMorgan ownership page. The "as of" column matters: 13F filings arrive asynchronously, so one quarter's largest filer may be a quarter ahead of another's.
The passive core vs the active money
Read JPM's holder list as two layers.
The passive core is the top of the table: Vanguard, BlackRock, State Street, and Geode. These managers hold JPMorgan in proportion to its index weight. Their quarter-over-quarter moves track fund flows and index rebalancing far more than any view on the bank. When Vanguard's main entity reports a 0.05% trim, that is rounding inside a multi-billion-dollar index sleeve, not a Vanguard analyst turning bearish on JPMorgan.
The active money is everyone making a position-sizing decision. That is where the signal lives, and it is mostly further down the list. Last quarter the notable active adds came from Barclays, which lifted its disclosed JPM position by about 27%, and Franklin Resources, which added roughly 21%, alongside Goldman Sachs at about 8% and UBS Asset Management at about 14%. On the other side, Fidelity (FMR) cut its disclosed long by close to 12%, Ameriprise Financial trimmed about 12%, and BNY Mellon trimmed about 10%. None of those is a verdict on the stock by itself, but a screen of who is adding versus trimming, weighted by manager quality, is the actual use of this data. The smart-money leaderboard is the practical starting view.
A note on reading the "biggest mover" headline: the largest raw additions on a bank like JPMorgan are often broker-dealer and asset-management arms (Bank of America, Morgan Stanley, Goldman) whose 13F books mix client-facing and index-tracking positions, so a double-digit percent add there is rebalancing as much as conviction. Treat the genuinely active mutual-fund moves, Franklin's roughly 21% add against Fidelity's roughly 12% trim, as the more meaningful disagreement.
One nuance worth flagging: institutions sometimes express bank views through options, and 13F reports put and call positions as flagged rows valued against the underlying. A naive aggregator that sums every JPM row into a "long book" turns a protective put into a bullish bet. Our data separates option legs from the long-equity book, so a manager's reported JPM long is the share position, not a blended notional. (More on that trap: 13F options, puts and calls explained.)
A data-quality footnote: the Vanguard reorg
If you pull JPM ownership from raw EDGAR right now, you will see several Vanguard entities reporting JPMorgan: Vanguard Group plus newer entities such as Vanguard Capital Management LLC and Vanguard Portfolio Management LLC that began filing separately after an internal reorganization. Sum them all and you double-count tens of billions of dollars of the same shares. This is the kind of identifier and entity-resolution problem that makes institutional ownership data hard to keep clean, and it is exactly what a sourced, deduplicated layer is for. We model the reorg so the combined view does not inflate Vanguard's true position. (Background: 13F amendments and restatements.)
What 13F does and does not tell you about JPM
Four limits to keep in mind before treating any "who owns JPMorgan" number as complete:
- It lags up to 45 days. A 13F reports positions as of quarter-end and is due 45 days later, so the picture can be a full quarter stale by the time you read it. JPM can move meaningfully in that window.
- It is long-only. 13F covers long positions in 13(f) securities. Short positions, cash, and most derivatives net exposure do not appear. A fund that looks "long JPM" on a 13F may be hedged.
- It misses smaller and foreign holders. Only managers with $100M+ in 13(f) securities must file a Form 13F, so retail, smaller funds, and many non-US holders are invisible here.
- Insiders file separately. JPMorgan's own officers and directors report their trades on Form 4 within two business days, a different and faster feed than 13F. See insider activity for JPM and the filing-type comparison.
The honest summary: 13F tells you which large institutions disclosed a JPMorgan long position at the last quarter-end and how it changed, not who owns JPMorgan in real time.
How to track JPMorgan ownership as it updates
The durable workflow is to resolve the entity once, pull the holder list, and diff across quarters rather than reading a single filing. With the REST API:
curl -H "Authorization: Bearer YOUR_KEY" \
"https://arkolith.com/api/v1/stocks/JPM"
For an AI agent, the same data is exposed through MCP tools so the assistant can answer "which funds added JPMorgan last quarter" directly, with each figure carrying its source filing and quarter. Start with the MCP quickstart, the 13F data layer, or the live JPMorgan ownership page. Every figure on those surfaces is sourced to its SEC EDGAR accession, which is the point: an ownership claim without a filing date and quarter-end is incomplete.
Frequently asked questions
Who is JPMorgan's largest shareholder?
Among institutional 13F filers, Vanguard Group reports the largest JPMorgan position, around $86 billion in its main entity at its latest filing, followed by BlackRock at around $61 billion. Both are index-fund managers holding JPMorgan in line with its weight in major indexes, not active stock-pickers.
How many institutions own JPMorgan Chase?
1,165 institutional managers disclose a JPMorgan long position in their most recent 13F filings in our dataset, together reporting roughly $594 billion in stock. That count covers managers with at least $100M in 13(f) securities; it excludes retail holders, smaller funds, and many foreign holders that do not file 13F.
Which funds are buying or selling JPMorgan?
On the latest filings, Barclays (about +27%), Franklin Resources (about +21%), and Bank of America (about +16%) were among the larger disclosed adds, while Fidelity (FMR) (about -12%), Ameriprise Financial (about -12%), and BNY Mellon (about -10%) trimmed. Screen the full list, weighted by manager quality, on the investors leaderboard rather than reading one fund in isolation.
Is JPMorgan mostly owned by index funds?
At the top of the cap table, yes. The largest disclosed holders are index or quasi-index managers (Vanguard, BlackRock, State Street, Geode), whose stakes track index weight and fund flows. The active, conviction-driven positions sit lower in the list and are where quarter-over-quarter changes carry the most signal.
Is 13F ownership data live?
No. A 13F is a quarterly snapshot filed up to 45 days after quarter-end, so JPMorgan's disclosed ownership can be months old by the time it publishes. Use it for institutional positioning and quarter-over-quarter changes, never as a live book.
Arkolith turns SEC ownership filings into clean, sourced, queryable data. See the live JPMorgan ownership page, connect an agent through the MCP quickstart, or get a key. Not investment advice.
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